ICICI Prudential Flexicap Fund NFO
ICICI Prudential Mutual Fund has announced the launch of the ICICI Prudential Flexicap Fund. The scheme would be predominantly investing its assets in large-cap, mid-cap, and small-cap companies.
The New Fund Offer (NFO) starts on 28th June 2021 and will end on 12th July 2021.
Investment Objective
The scheme’s investment objective is to generate long-term capital growth by investing its assets in equity and equity-related securities of large-cap, mid-cap, and small-cap companies.
Features
- The fund will be investing a minimum of 65% of its assets in the equity and equity-related securities of every market capitalization.
- The fund may allocate its asset in debt or money market instruments, units of InvITs, and REITs.
- The fund can invest in any companies across the market capitalizations & sectors.
- The fund does not have any restriction to allocate its assets across market capitalization.
Portfolio Construction Process
- Investment Philosophy - Fund aims to invest across the market opportunities through its in-house market cap model.
- Investment Approach - Fund will use top-down approach for identification of large-cap stocks while bottom-up approach for mid and small-cap stocks.
- Stock selection - Stocks will be selected on various factors like Macros, Company Fundamentals, Valuations, etc.
- Investment Process - Fund managers will invest across the market depending upon the attractiveness.
- Investment Universe - Opportunities will be identified from the universe of S&P BSE 500.
- Re-Balancing - The portfolio will be periodically re-balanced as per the in-house market cap model.
ICICI Flexicap Fund - Stock selection Approach
1. Top-Down Approach - Mainly used to identify opportunities in the large-cap space. It analyzes various factors like
- Economic indicators
- Policy response
- Growth
- Inflation
- Global macros
- Future earning potential
- Future project pipeline
2. Bottom-Up Approach - Mainly used to identify opportunities in the mid and small-cap space. It analyzes various factors like
- Growth outlook
- Opportunity size
- Management track record
- Historical return ratios
- Valuations
Who Should Invest?
This scheme is suitable for investors who are -
- Interested in long-term capital growth.
- Investors who want to invest in a well-diversified portfolio.
- Investors who want to invest in companies across market capitalization.
- Recommended for investors with an investment horizon of 5 years & above.
Asset Allocation Pattern
Instruments | Minimum % of total assets (Indicative) | Maximum % of total assets (Indicative) |
Equity and Equity-related securities of Large-cap, Mid-cap, and Small-cap companies | 65% | 100% |
Other equity-related securities | 0% | 35% |
Debt & money market instruments, units of debt mutual funds | 0% | 35% |
Preference shares | 0% | 10% |
Units of InvITs and REITs | 0% | 10% |
About the Scheme
Name of the fund | ICICI Prudential Flexicap Fund NFO |
Fund launched by | ICICI Prudential Mutual Fund |
Asset Management Company | ICICI Prudential Asset Management Company Limited |
Type of scheme | An open-ended dynamic equity scheme primarily investing its assets in large-cap, mid-cap, and small-cap companies. |
Investment Objective | The scheme’s investment objective is to generate long-term capital appreciation by investing its assets in equity and equity-related securities across market capitalization. |
Benchmark | S&P BSE 500 TRI |
Entry Load | Not Applicable |
Exit Load | -If units redeemed or switched out within 12 months - 1% of applicable NAV -If units are redeemed or switched out after 12 months - NIL |
Taxation | Taxed as Equity -If units are redeemed within 12 months, gains are taxed as short term capital gain tax @15% -If units are sold after 12 months, gains are taxed as long term capital gain tax @10% on the gains exceeding ₹ 1 lakh in a financial year |
Minimum Application Amount | ₹ 5,000 & in multiples of ₹ 1 thereafter |
Minimum Additional Amount | ₹ 1,000 & in multiples of ₹ 1 thereafter |
STP & SWP | Available |
Plans Available |
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Options |
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Fund Managers | Mr. Rajat Chandak and Ms. Priyanka Khandelwal |
SIP Details
Type | Minimum Installments | Minimum Amount |
Daily SIP | 6 | ₹100 & in multiples of ₹1 thereafter |
Weekly SIP | 6 | ₹100 & in multiples of ₹1 thereafter |
Fortnightly SIP | 6 | ₹100 & in multiples of ₹1 thereafter |
Monthly SIP | 6 | ₹100 & in multiples of ₹1 thereafter |
Quarterly SIP | 4 | ₹5,000 & in multiples of ₹1 thereafter |